Cairns and Mining Conference – 12th June 2013

An Outline of Activity at June 2013

FNQ = Cairns to Kidston to the Gulf and Cape York

Author: Brett Duckof Bremar Minerals Pty LtdInformation is from public sources

FNQ Exploration & Mining

Roundup 2013

DISCLAIMER The author is a Contract Geologist based in FNQ since

1979, and is not employed by or hold shares in any of the Companies mentioned in this presentation.

The author does not promote any of these companies or projects but presents data that is available or has been made available in the public domain

Anyone doing business with any of these companies cannot construe any of this presentation as endorsing the public statements or promotions of these companies, but must make their own business and financial assessments in the normal manner of business associations.

The author is not qualified as a business or financial advisor so cannot be taken as such.

Aims of this presentation

An overview of activities in FNQ only - Only companies (private and public) and individuals with mining tenements in FNQ are included

None of this is a promotion of any of the Companies mentioned.

There is no pretence that this includes all – some have been missed out

It is aimed that none of the concurrent presentations are duplicated, or is there repetition of the well known operations

It is to be noted that this presentation is based on Annual and Quarterly reports hence recent downturns may make some of the comment out of date

Exploration AND Mining It MUST be understood that there is a major difference

between Exploration and Mining

If there is no exploration then there can be no mining. Exploration is conducted by “small” companies – rarely by the majors!

Exploration is based on Exploration Permit and mining is based on a Mining Lease.

The fundamental unit of exploration is the “sub block which is 1 minute of latitude x 1 minute of longitude (approx 3.3sq km each). The commitment to the Government is to spend of the order of $1,000 per year per sub block

There are an estimated 30,000 of these in FNQ under application or granted. http://mines.industry.qld.gov.au/geoscience/interactive-resource-tenure-maps.htm

Targets and Companies

Targets Tin Gold Base metals Tungsten Bauxite Kaolin Marble Rare earths

Diatomite Silica sand Silica for solar Beach Sands Tantalum Perlite Construction

materials

Included are local companies, national companies & international companies.Majors are essentially not represented – mainly because of their lack of exploration interests

Coal Coal seam

gas Uranium Geotherma

l Energy Petroleum

An Arbitrary Selection of Companies and their

Activities

Georgetown – Forsayth Area Many private companies, as well as public

companies including, but not limited to: Australian Gold Mining PL, (recently drilling) JKO Mining PL Aussie NQ Resources PL Centauras Metals Ltd (mainly in Brazil) Endolithic Resources PL Central Gold Mines PL Atherton Minerals PL Artemis Mining Corporation PL Altius Mining Limited (mining) Pepininni Minerals PL Rennison Consolidated Mines NL

Altius Mining @ Forsayth: Gold

Tenements in Qld inc 2 granted MLs and 1 EPM

Prospects include: Ropewalk, Flying Cow, North Arm, Queenslander, Nil Desperandum, Big Gossan

Historically grades mined were in excess of 1 oz Au/t

Orebodies are narrow vein

In the 2012 Ann Rep there were no drill results and no stated resources or reserves

http://www.altiusmining.com.au/

• Major changes to the Board• Professional Consultants employed• Mill and crushing circuit audited• EA being upgraded• Regional exploration expanded(AGM Nov 2012 Geological Presentation)

Australian Gold Mining PL

Growing private company in the Forsayth area

Extensive drilling programs

Canadian Goldsmiths Cortez (new MLA) High grade narrow

vein systems Expanding tenement

holdings in FNQAltius Group

Pepinnini Minerals: Gold + uranium + strontium

Targets U, Au, Sr, base metals

Originally a Percyville - Ind+Inf Resources Report: 12.8mt at 2.5 g/t Au No longer current

Latest activity: heli mag + drilling late 2010,

25 holes for 3,256m, for 1-2m intersections of high grade – Forsayth & Percyville

Divested of non core tenements to JKOhttp://

www.pepinnini.com.au/

Gold: Renison Consolidated - 2011

Agate Creek area – south of Forsayth Epithermal, qtz+Au, in narrow structures Prot meta seds, dolerite, Permian

granites, rhyolites, agglomerates in subsidence cauldron

Now 480 holes, latest in 2010 Additional targets deeper and adjacent

anomalies Barrick diluting out

Sectional View of Sherwood West Zig-Zag Intersection Target Area

Mar Qtr 11

http://www.rcm.com.au

Gold: Renison Consolidated

Agate Creek area – south of Forsayth Epithermal, qtz+Au, in narrow structures Prot meta seds, dolerite, Permian

granites, rhyolites, agglomerates in subsidence cauldron

Now 480 holes, latest in 2010 Additional targets deeper and adjacent

anomalies Barrick diluting out

Sectional View of Sherwood West Zig-Zag Intersection Target Area

Mar Qtr 11

http://www.rcm.com.au

Revised Resources

Uranium Companies Under the new

Government in Queensland exploration for U is increasing

A number of Companies exploring for uranium including: Callabonna AREVA China West Mega Uranium Pepinnini Regalpoint

Known resources include: Maureen

(Georgetown) Ben Lomond

(Townsville) Westmoreland

(Qld-NT border)

Areva – U Objectives 2011-15

Uranium - World Production

Herberton – Mt Garnet Mineralfield

Auzex Exploration - exploring Consolidated Tin – exploring,

developing Monto Minerals - exploring MGT Resources – exploring,

developing

Auzex Exploration LtdKhartoum Tin-Tungsten Project Potential 80-120mt ore, averaging 0.2-

0.3% tin + associated tungsten, silver, zinc, bismuth, copper, indium & molybdenum in potential recoverable quantities.

Potential for world class deposit , extensive outcropping of mineralised formations across 50km2.

Best results to date include 15.25% tungsten, 3.78% tin, 0.13% bismuth, 438 g/t silver & 3.39 g/t gold.

Initial 6 hole scout drilling intersected mineralisation in all holes along 2,500m strike extent.

Recently acquired additional tenements with historical high grade (+1% tin) mineralisation.

~100km SW of Cairns Targeting IPO in Q1 2013 Other projects in WA, NSW and NZhttp://www.auzex.com

Consolidated Tin Mines Ltd

www.csdtin.com.au

Cons Tin/Snow Peak/Kagara

MGT Resources ML20547 Summer Hill granted 23 Jan 2013

JORC Resource 600,000t @0.47% Sn

Drilling continuing Plant upgrade,

capacity 70,000tpa, to be expanded to 500,000tpa by 2016-17

Other exploration targets in the Mt Garnet Mineral Field plus gold targets near Townsville

Monto Minerals:Tin + Base Metals + Gold

Herberton historic Tinfield – underexplored

4 EPMs, 11 ML’s, 9 MLA’s

Targets include Arbouin drilled: 26.4m

@2.78%Sn (unmined) Sailor, Herberton Hill,

Elaine-BoundaryAirmags over EPMs, 14 “compelling targets”

http://www.montominerals.com/HerbertonTinProject.html

Monto Soils Anomalies Q4 2012 4,275

FPXRF soil samples

Covering 45 sq km

In greisenised granites

Some high grades encountered

2 other anomalies in granite and metaseds

Annual + Dec qtly Rep 2012

Aim is 19,000 samples over 188 sq km

Monto Minerals Drilling at Confederation incl 6m @ 4.33% Cu,

1.25% Sn, 106g/t Ag A lease called Confederation has been pegged

and applied for contiguous with Baal Gammon

28 hole drilling program by Kagara in 2011, then reviewed resources at that time

2012 Annual Report Monto

Monto – Kagara – Baal Gammon

Category

TonnesCu (%)

Sn (%)

Ag (g/t)

In (g/t)(000t)

Ore 2,676,282 1.07 0.23 38.1 33.5

Low Grade Ore 430,725 0.26 0.13 9.6 5.3Total Ore Reserve 3,107,007 0.96 0.22 34.2 29.6

Table: Summary of Probable Ore Reserves

Cu - Sn - Ag - In Production to commence

October 2011 Sediment roof pendant

intruded by UNA porphyry sill

Cu is chalcopyrite + stannite

70% of Sn is cassiterite, rest is stannite

It is anticipated that mine development will commence immediately with ore production scheduled for October 2011

Based on the resource model generated by AMC and the Whittle modeling completed by Snowden, NQM generated the following Probable Ore Reserves in 2007:

Ore Type Category

TonnesCu %)

Sn (%)

Ag (g/t)

In (g/t)

CuEQ Cu Metal

(000t) (%)* (000t)+Total Oxide +

Sulphide Ind + Inf 5,482 0.8 0.2 29 29 1.8 41.6

Table: Total Indicated +Inferred Resource :

http://www.kagara.com.au/

Silica Deposits

Cape Flattery – producing sands Solar Silicon Resources Group (SSRG)

– developing and mining

Cape Flattery: Silica Sands

The Company describes itself as the Worlds biggest silica sand manufacturer

It reports an average grade of 99.9% SiO2

It employs over 90 people, many of whom are locals from Hopevale

Ships direct from its own loading facility, offices in Cairns

http://www.cfsm.com.au/contact.htm

SSRG – Lighthouse & Mourilyan

Solar Silicon Resources Group (SSRG) is a wholly owned subsidiary of Singapore unlisted public company Auzminerals Resource Group (AMRG)

Lighthouse Quartz is a high purity industrial silica with an average purity of 99.8% prior to refining. After refining, the silica reaches purity levels of 99.999%

SSRG quote: only 3 other producers of high purity quartz sand in the world

Lighthouse Quartz is suitable for use as feedstock for silicon smelters, expoxy moulding compounds, industrial fillers, fused quartz glass and LCD glass substrates.

Over 1.4m t at Lighthouse, and some 6m t of silica sands at Mourilyan

SSRG – Lighthouse & Mourilyan

SSRG – Lighthouse Quartz

SSRG – Lighthouse Silica High power needs

Copper

Solomons Mines – producing Baal Gammon – on care and

maintenance Einasliegh and Kaiser Bill – awaiting

development

Tungsten Deposits

Wolfram Camp Mining PL - producing Carbine Tungsten - producing Vital Metals - developing

Wolfram Camp Mining

Wolfram Camp Mining (Feb 2013)

Carbine Tungsten

http://www.carbinetungsten.com.au

Off-take agreement with MitsubishiAnticipate permitting for dumps processing soon

Vital Metals: Tungsten, Watershed

2007

http://vitalmetals.com.au

JORC Resource of 49.2mt at 0.14% WO3 at 0.05% WO3 cutoff

Recoveries improved with ”whole of ore” flotation

Definitive Feasibility Study continuing

Exploration continuing

JOGMEC to earn 30% by funding $5.4m over 2 yrs

Permitting anticipated 2013

Start constructing dams and plant

Production anticipated mid 2014

Vital Metals - Geology

In scheelite bearing quartz – felspar veins and as disseminated scheelite in the calc –silicate and albite muscovite altered metamorphics

Structural trend is regional NNW over some 3,000m

Paterson Mining Pty LtdArcher R – Wolverton Tin Field Private company

Specialising in alluvials and targeting: Tin, REE, Gold

21 tenements in FNQ and NT, includes: Wolverton Tinfield

granted ML, Coen area, Wenlock & Blue

Mountains fields

Territory Minerals (Sb/Au)

Exploration on Tregoora and Northcote Au-Sb in 2013

Extensive targets for U, REE and beach sands in the Northern Territory

Planned listing in the near future

Bauxite Companies – Cape York Rio /ComalcoAlcan,

Weipa+South of Embly (mining and developing)

Cape Alumina – Pisolite Hills (feasibility)

Explorers Sunrise Minerals Charlotte Australia Gulf Alumina McKay Brook Resources Kendall Resources South West Pacific Bauxite

Bidders List – Aurukun Deposit

(winner to be announced late 2013)

Aluminium Corporation of China Limited (CHALCO),

Glencore International AG,

Cape Alumina Consortium

Rio Tinto Aluminium Ltd

Australian Indigenous Resources

Companies Include: Aust-Pac Capital Jems Exploration Mineral & Coal

Investments Fairway Coal KS Mining Calcifer Minerals Air Resources

Coal EPCs – Feb 2013

Coal Exploration – June 2013

Aust-Pac Capital JEMS Exploration Mineral & Coal

Investments Coal Face

Resources Fairway Coal Air Resources Calcifer

Industrial Minerals

KS Mining

All Pty Ltd companies

Geothermal & Offshore Petroleum - June2013

7 EPGs in FNQ are GeoGen Vic Budgets being allocated 2013 –

future to be decided Kuth has 2 EPG applications

at Weipa Terra Estus Resources PL

have 3 EPG in the Normanton area

Hot Rocks has pulled out of exploration in FNQ

Gulf Energy have an Offshore Exploration Permit for petroleum (OEP) in the Gulf

Cairns

http://www.hotrockltd.com/irm/Content/home.html

2008 Public Companies

1. Bauxite – Weipa2. Cape Flattery –

Silica Sand3. Mt Garnet – base

metals4. Metals X - tin5. Minerals

Corporation - kaolin

Private Companies1. Solomons Mines –

copper sulphate2. Perlco – Perlite3. Alluvial gold

mines (5?)

Wolfram Camp, Kangaroo Ck under construction

Under feasibility – Watershed, Copperstrike, Baal Gammon, Chalco

2011 Public Companies

1. Bauxite – Weipa2. Cape Flattery – Silica

Sand3. Mt Garnet – base

metals4. Mungana – base

metals, Au5. Baal Gammon – Cu-

Ag-Sn-In6. Mt Carbine – W

Private Companies1. Deutsch Rohstoff - Au2. Solomons Mines –

copper sulphate3. Phoenix Lime4. Alluvial gold mines

(?) Ropewalk, Mt Carbine,

Baal Gammon Wolfram Camp under construction

Oresome – beach sands – Feasibility

Cape Alumina, Chalco rejected by State

Comparison of Activity2013

Public Companies1. Comalco -Bauxite – Weipa+ South of

Embley2. MGT– tin3. Monto – tin4. Cons Tin – Tin5. Carbine Tungsten – W6. Vital Metals – W7. Altuis – Au8. Oresome – Beach sands9. Cape Alumina10. Auzex – Tin-WPrivate Companies11. Cape Flattery – Silica Sand12. Snowpeak 13. Wolfram Camp- W14. Solomons Mines – copper sulphate15. SSRG Lighthouse16. Australian Gold Mining17. Phoenix Lime18. JOK Mining - Au19. Paterson Mining – tin, Au20. Territory Minerals – Au, Sb21. Alluvial gold mines (?)

Under Construction/Maintenance: Ropewalk, Baal Gammon

Awaiting Grant: Oresome, Vital Metals Cape Alumina - feasibility Chalco rejected by State – awaiting re-

allocation Kagara gone replaced by Snowpeak

Where to FNQ?

Cape York: Structures & Coen Inlier NNW Trending Structures:

• Total combined length 740km• Dilational zones• Many are known to carry gold• Significant breccia pipes have

been recognised • Compare these with other Bx

pipes (Mt Leyshon 3m oz Au, Mt Wright >1m oz Au)

• Where are the other pipes in Cape York?

• How many jobs and how much State income could be generated?

There is a Future in mining There are good targets and there are

interested Companies

There are experienced personnel

Funding can be found if the Sovereign Risk and costs can be contained